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Prime Minister Narendra Modi on Sunday said that Maharashtra will become the country's first trillion dollar economy. Speaking at the "Magnetic Maharashtra" Global Investors' Summit in Mumbai, PM Modi said Maharashtra's development was representative of the changes in the country.

Skilling needs an active education-industry partnership. Industry can play a very important role by quickly adopting schemes like apprenticeship or setting aside some CSR budgets for skilling for youth.

New Delhi: According to a senior government official, as reported by PTI, recent measures by the government, including tax concessions in the budget, for micro, small and medium enterprises (MSMEs) has been taken with an aim to transform such enterprises worth Rs 6.33 crore into a growth engine for new India. These initiatives will bring down the tax burden on enterprises with an annual turnover of up to Rs 250 crore and also lower the interest burden, leaving more surplus for investment and growth of the MSME sector which is the backbone of the country’s economy in terms of output, exports and employment generation.

Startups Club has collaborated with the Republic of Estonia for the e-Residency program, to help Indian entrepreneurs establish companies in Estonia and have access to the Business opportunities in the European Union.

The government is changing the criteria to define micro, small and medium enterprises (MSMEs), to make these in sync with the goods and services tax (GST) regime, by making the norms common for good and services.